Equinor declares commerciality for fields in the BM-C-33 area, in Campos Basin, Brazil
Equinor has, on behalf of the BM-C-33 consortium, submitted to Agência Nacional de Petróleo, Gás Natural e Biocombustíveis (ANP), the Declarations of Commerciality and Plans of Development for two fields in the BM-C-33 concession in Brazil’s Campos Basin.
Equinor (operator) is partnered with Repsol Sinopec Brasil and Petrobras in the consortium.
The concession is located approximately 200 kilometers from Rio de Janeiro, in water depths up to 2900 meters. It contains natural gas and oil/condensate recoverable volumes of above one billion barrels of oil equivalent.
The suggested names for the fields are Raia Manta and Raia Pintada. The names are to be confirmed by the regulator.
“The fields are a strategic fit for Equinor’s ambitions in a country where we have a solid history and an intention to further strengthen our presence. Together with our partners, we will employ additional expertise to ensure safe and efficient execution of these developments” says Trond Bokn, senior vice president for Project development.
The selected concept comprises one floating production storage and offloading unit (FPSO) capable of processing gas and oil/condensate to meet sales specifications without further onshore processing. The FPSO will have a production capacity of 16 million cubic meters of gas per day with expected average exports of 14 million cubic meters of gas per day.
Raia Manta and Raia Pintada are significant natural gas fields that will play a key role in the ongoing advancement of the Brazilian gas market. Together, the development and operation of the fields have the potential to generate up to 50,000 local jobs during its full life cycle, through various contracts in the supply chain. Total investment is approximately USD 9 billion.
Published: 21-09-2023
